Platinum Group Metals (TSE:PTM) Hits New 52-Week High - Should You Buy?

Key Points

• Platinum Group Metals Ltd. (TSE:PTM) reached a **new 52-week high** of C$4.27 during trading, closing at C$3.95 with a volume of 443,010 shares exchanged.
• The company operates the **Waterberg Project** in South Africa, which is anticipated to be a significant low-cost producer of palladium, platinum, rhodium, and gold.
• Financial metrics show a **market cap of C$440.76 million** and a **PE ratio of -98.25**, indicating potential volatility in earnings.

Platinum Group Metals Ltd. (TSE:PTM - NYSE: PLG's share price hit a new 52-week high during trading on Monday . The company traded as high as C$4.27 and last traded at C$3.95, with a volume of 443010 shares changing hands. The stock had previously closed at C$3.90.

Platinum Group Metals Price Performance

The company has a quick ratio of 11.34, a current ratio of 2.66 and a debt-to-equity ratio of 0.99. The company has a market cap of C$440.76 million, a PE ratio of -98.25 and a beta of 1.74. The stock has a 50-day simple moving average of C$2.47 and a 200 day simple moving average of C$2.12.

Platinum Group Metals Company Profile

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold.

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